Live Nation Entertainment Inc (NYSE: LYV) is 19.40% higher on its value in year-to-date trading and has touched a low of $86.81 and a high of $157.75 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The LYV stock was last observed hovering at around $149.40 in the last trading session, with the day’s gains setting it 5.22%.
Currently trading at $154.62, the stock is 4.11% and 10.84% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.36 million and changing 3.49% at the moment leaves the stock 36.33% off its SMA200. LYV registered 69.54% gain for a year compared to 6-month gain of 60.28%..
The stock witnessed a 11.09% loss in the last 1 month and extending the period to 3 months gives it a 15.01%, and is 0.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.55% over the week and 2.41% over the month.
Live Nation Entertainment Inc (LYV) has around 16200 employees, a market worth around $35.66B and $23.16B in sales. Current P/E ratio is 56.98 and Fwd P/E is 41.06. Profit margin for the company is 2.79%. Distance from 52-week low is 78.11% and -1.98% from its 52-week high. The company has generated returns on investments over the last 12 months (8.04%).
with sales reaching $3.77B over the same period.The EPS is expected to grow by 15.37% this year, but quarterly earnings will post 15.10% year-over-year. Quarterly sales are estimated to shrink -0.75% in year-over-year returns.
Live Nation Entertainment Inc (LYV) Top Institutional Holders
The shares outstanding are 234.36M, and float is at 153.98M with Short Float at 8.40%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 18.46 million shares valued at $1.73 billion. The investor’s holdings represent 8.0448% of the LYV Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 13.59 million shares valued at $1.27 billion to account for 5.9221 of the shares outstanding. The other top investors are SELECT EQUITY GROUP, L.P. which holds 12.94 million shares representing 5.6283% and valued at over $1.21 billion, while STATE STREET CORP holds 3.8781 of the shares totaling 8.9 million with a market value of $834.21 million.
Live Nation Entertainment Inc (LYV) Insider Activity
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Live Nation Entertainment Inc disclosed in a document filed with the SEC on Sep 12 ’24 that Berchtold Joe (President & CFO) sold a total of 29,310 shares of the company’s common stock. The trade occurred on Sep 12 ’24 and was made at $97.50 per share for $2.86 million. Following the transaction, the insider now directly holds 0.57 million shares of the LYV stock.
Still, SEC filings show that on Sep 12 ’24, Rapino Michael (President & CEO) disposed off 98,849 shares at an average price of $97.50 for $9.64 million. The insider now directly holds 3,702,115 shares of Live Nation Entertainment Inc (LYV).
